Lawsuit Protection through an Offshore IBC (International Business Corporation)
Forming a company offshore is a far superior asset protection technique than any onshore asset protection setup.
In fact, an onshore trust can be easily broken by a judge for many reasons.
It's an all too common scenario. In the heat of a lawsuit, a sympathetic judge simply sets aside your asset protection trust for one technicality or another.
An offshore corporation, on the other hand, provides bullet proof asset protection. No court or judge can order you to provide assets that you do not own.
Most offshore companies are either bearer share corporations where the ownership is totally anonymous, or they are owned by a foundation.
Since a foundation legally cannot be owned, it is a dead end for any onshore court. No court can order an illegal action, including ordering you to repatriate funds that belong to a foundation.
If you want to keep your assets secure, and protection yourself from frivolous lawsuits, you should consider incorporating offshore.
Long ago, most offshore asset protection techniques were priced beyond the average business person's reach. Today an offshore corporation and bank account is affordable at less than $2000.
Article Source: http://www.orbitaloc.com/
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